VCA Inc. (WOOF) Downgraded to Hold at Zacks Investment Research
According to Zacks, “VCA Inc. is a national animal healthcare company operating primarily in the United States and Canada. It owns, operates and manages veterinary hospitals and veterinary-exclusive clinical laboratories in the country, supplies diagnostic imaging equipment and other medical technology products and related services to the veterinary industry, and provides various communication, professional education and marketing solutions to the veterinary community. VCA Inc., formerly known as VCA Antech, Inc., is headquartered in Los Angeles, California. “
Separately, Jefferies Group restated a hold rating on shares of VCA in a research note on Friday, August 5th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $71.75.
VCA (NASDAQ:WOOF) traded up 1.05% during midday trading on Wednesday, reaching $68.59. The company’s stock had a trading volume of 146,609 shares. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 24.47 and a beta of 1.30. The company’s 50-day moving average price is $70.58 and its 200-day moving average price is $65.64. VCA has a 1-year low of $44.00 and a 1-year high of $73.69.
VCA (NASDAQ:WOOF) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.05. VCA had a return on equity of 16.86% and a net margin of 9.93%. The business earned $653.50 million during the quarter, compared to the consensus estimate of $637.18 million. During the same period in the previous year, the business earned $0.70 EPS. The business’s quarterly revenue was up 19.1% on a year-over-year basis. On average, analysts predict that VCA will post $2.93 earnings per share for the current fiscal year.
In other news, COO Arthur J. Antin sold 34,000 shares of the stock in a transaction on Friday, September 16th. The stock was sold at an average price of $69.03, for a total value of $2,347,020.00. Following the completion of the transaction, the chief operating officer now owns 89,691 shares of the company’s stock, valued at $6,191,369.73. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John B. Chickering, Jr. sold 2,302 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $70.85, for a total value of $163,096.70. Following the completion of the transaction, the director now directly owns 10,992 shares of the company’s stock, valued at approximately $778,783.20. The disclosure for this sale can be found here. 4.60% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WOOF. Norges Bank acquired a new position in VCA during the fourth quarter valued at about $44,158,000. Aperio Group LLC boosted its position in VCA by 35.0% in the first quarter. Aperio Group LLC now owns 14,274 shares of the company’s stock valued at $823,000 after buying an additional 3,697 shares during the last quarter. Virginia Retirement System acquired a new position in VCA during the first quarter valued at about $1,788,000. Ramsey Quantitative Systems acquired a new position in VCA during the first quarter valued at about $554,000. Finally, Pacad Investment Ltd. acquired a new position in VCA during the first quarter valued at about $270,000. 91.17% of the stock is owned by institutional investors.
VCA Inc is an animal healthcare company. The Company operates through five segments. Its Animal Hospital segment provides veterinary services for companion animals and sells related retail and pharmaceutical products. Its Laboratory segment provides diagnostic laboratory testing services for veterinarians, both associated with its animal hospitals and those independent of the Company.
Receive News & Stock Ratings for VCA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VCA Inc. and related stocks with our FREE daily email newsletter.